Some very good comments made soundsystem. I agree with you that things could go either way particularly with the financial year results possibly being announced on Monday. These results will not be flash however this company does have things in the pipeline and are just making sure everything is completely ticked off before making announcements, given there recent record of carrying out these deals.
At the height of this company they had a rather substantial deal with the Malaysian government, but due to the GFC the malaysian government had to postpone this deal. This was not Nexbis's fault in my opinion. At the request of the Malaysian government this deal could be back on the cards. Couple this with a deal with the Cambodian govt which has been rumoured for sometime now, things could easily take a turn for the better with this company. It is good to see some movement within the company in terms of expanding their offices and putting on more staff. Hopefully the interim results give investors a better understanding of the activities occurring in this business. For this company to go forward they need to be more accountable to shareholders and better inform them of the movement within the company.
I have also been a shareholder of this company for quite sometime and at present have a substantial loss but i will be waiting for the next move by the company. They have very good technology and hopefully with some sound management this company could reach the heights of its former glory.
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